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In this article, I will feature one bank that has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:

  1. The stock is purchased by three or more insiders within one month.
  2. The stock is sold by no insiders in the month of intensive purchasing.
  3. At least two purchasers increased their holdings by more than 10%.

Brookline Bancorp (NASDAQ:BRKL) operates as the holding company for Brookline Bank, Bank Rhode Island, and First Ipswich Bank that provide commercial, business, and retail banking services to the corporate, municipal, and individual customers.

(click to enlarge)

Insider buying during the last 30 days

Here is a table of Brookline Bancorp's insider-trading activity during the last 30 days by insider.

NameTitleTrade DateShares PurchasedCurrent OwnershipIncrease In Shares
Bogdan NowakDirectorFeb 12-1311,00381,955 shares+15.5%
Thomas MeshakoPrincipal Financial OfficerFeb 101,00011,000 shares+10.0%
Paul PerraultCEOFeb 51,000211,416 shares+0.5%
Robert RoseCCOFeb 32,10036,717 shares+6.1%

There have been 15,103 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of Brookline Bancorp's insider-trading activity by calendar month.

Month

Insider buying / shares

Insider selling / shares

February 201415,1030
January 201400
December 201300
November 201300
October 20132,7750
September 201300
August 201300
July 201300
June 201300

May 2013

8,300

17,000

April 2013

10,000

0

March 2013

0

0

February 2013

0

0

January 2013

0

0

There have been 36,178 shares purchased, and there have been 17,000 shares sold by insiders since January 2013. The month of February 2014 has seen the most insider buying.

Financials

Brookline Bancorp reported the full-year 2013 financial results on January 29 with the following highlights:

Net interest income$176.2 million

Net income

$35.4 million

Book value

$8.79 per share

Tangible book value$6.57 per share

Competition

Brookline Bancorp's competitors include Westfield Financial (NASDAQ:WFD). Here is a table comparing these two companies.

CompanyBRKLWFD
Market Cap:618.16M145.92M
Qtrly Rev Growth (yoy):-0.05-0.01
Revenue:179.11M35.27M
Operating Margin:0.360.26
Net Income:35.39M6.76M
EPS:0.510.34
P/E:17.4622.41
PEG (5 yr expected):2.622.07
P/S:3.444.09

Brookline Bancorp is trading at a lower P/S ratio than its direct competitor. In Westfield Financial, there have been 29,634 shares purchased, and there have been 65,028 shares sold by insiders during the last six months. Only Brookline Bancorp has seen intensive insider buying during the last 30 days.

Conclusion

There have been four different insiders buying Brookline Bancorp, and there have not been any insiders selling Brookline Bancorp during the last 30 days. Two of these four insiders increased their holdings by more than 10%. Brookline Bancorp has an insider ownership of 0.40%.

Brookline Bancorp has a book value of $8.79 per share, which could be a good entry point for the stock based on the intensive insider buying.

BRKL Book Value (Per Share) Chart

Source: Brookline Bancorp: 4 Different Insiders Have Purchased Shares This Month